Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Butterfly Network Inc (BFLY)

237 + Investors. Track Smart Money conviction in BFLY. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +36
Streak
2Q ▲
Buyers last Q
63%

Smart Money Signals — BFLY

Based on 238 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added BFLY than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
238 hedge funds hold BFLY right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +15% more funds vs a year ago

fund count last 6Q
+31 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 63% buying

137 buying80 selling
Last quarter: 137 funds were net buyers (60 opened a brand new position + 77 added to an existing one). Only 80 were sellers (56 trimmed + 24 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+13 vs last Q)

new funds entering per quarter
Funds opening a new BFLY position: 35 → 35 → 47 → 60. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 24% medium ■ 29% new
112 out of 238 hedge funds have held BFLY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
🚀

Acceleration phase — new buyers rushing in

60 → 35 → 35 → 47 → 60 new funds/Q
New funds entering each quarter: 35 → 35 → 47 → 60. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 56% veterans vs 33% newcomers

■ 56% veterans ■ 11% 1-2yr ■ 33% new
Entry-cohort mix of 246 holders: 138 (56%) are 2+ year veterans, 26 entered 1–2 years ago, and 82 (33%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 28% AUM from major funds

28% from top-100 AUM funds
46 of 236 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BFLY

In 2026 Q1, 137 hedge funds were net buyers of BFLY (60 opened a new position, 77 added to an existing one), while 80 reduced or exited (56 trimmed, 24 sold completely) — a 63% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 28% of total institutional value in BFLY is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +36 funds (more new holders than closures). Total institutional holders: 238.

Hedge Fund Ownership: BFLY

How many hedge funds hold BFLY — quarterly history vs. share price
Quarterly hedge fund ownership of BFLY vs. share price

Market Analysis: BFLY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BFLY

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Butterfly Network Inc (BFLY) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BFLY has moved relative to its sector benchmark (XLV) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 84d ago
BFLY
+80.0%
XLV
+2.8%

BFLY outperformed XLV by +77.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 39d ago
BFLY
+89.8%
XLV
+3.9%

Since the filing became public, BFLY outperformed XLV by +85.9% .

Interpretation: The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

22 top-rated funds 1 high-conviction
Consensus
5.9
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: BFLY
237 + Investors

Track Smart Money conviction in BFLY. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 237 202 17.33%
13F Shares 142M 122M 15.81%
Total Value $560M $480M 16.64%
New Positions 59 47 +12
Increased Positions 74 72 +2
Closed Positions 24 18 +6
Reduced Positions 54 42 +12
Total Calls 5 5 -
Total Puts 5 5 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: BFLY

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

237 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BFLY. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BFLY holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Fosun International Ltd 10.86% 10,716,630 $43.3M
2 Perkins Capital Management Inc 3.52% 930,930 $3.8M
3 Stoic Point Capital Management LLC 2.29% 582,850 $2.4M
4 AWM Investment Company, Inc. 1.98% 4,430,593 $17.9M
5 Glenview Capital Management, LLC 1.45% 14,335,055 $57.9M
6 First Light Asset Management, LLC 0.96% 2,660,167 $10.7M
7 Green Alpha Advisors, LLC 0.68% 169,927 $687K
8 Palumbo Wealth Management LLC 0.36% 360,328 $1.5M
9 Hood River Capital Management LLC 0.35% 8,620,848 $34.8M
10 Manatuck Hill Partners, LLC 0.33% 300,000 $1.2M
11 O'Neil Global Advisors, Inc. 0.31% 11,200 $45K
12 Keenan, LLC 0.30% 89,175 $360K
13 Isthmus Partners, LLC 0.29% 689,222 $2.8M
14 nVerses Capital, LLC 0.24% 66,641 $269K
15 Parkman Healthcare Partners LLC 0.23% 544,477 $2.2M
16 Osbon Capital Management LLC 0.18% 55,702 $225K
17 ARK Investment Management LLC 0.16% 5,227,503 $21.1M
18 Wisconsin Wealth Advisors, LLC 0.12% 30,000 $121K
19 Scientech Research LLC 0.10% 28,938 $117K
20 Counterpoint Mutual Funds LLC 0.08% 134,954 $545K
21 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.07% 231,621 $936K
22 Quent Capital, LLC 0.06% 208,500 $842K
23 Integrated Quantitative Investments LLC 0.06% 77,278 $312K
24 Permanent Capital Management, LP 0.06% 75,000 $359K
25 Opal Wealth Advisors, LLC 0.05% 58,018 $234K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Butterfly Network Inc (BFLY)

What does the Smart Money Trend signal show for BFLY?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added BFLY than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BFLY?

More buyers than sellers — 63% buying: Last quarter: 137 funds were net buyers (60 opened a brand new position + 77 added to an existing one). Only 80 were sellers (56 trimmed + 24 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BFLY holders?

Strong quality — 28% AUM from major funds: 46 of 236 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held BFLY?

47% of holders stayed for 2+ years: 112 out of 238 hedge funds have held BFLY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Butterfly Network Inc (BFLY) following the 2026 Q1 hedge fund 13F filings?

As of today, BFLY has moved +89.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.9% for the XLV sector ETF — an outperformance of +85.9%. Since the quarter end (March 31, 2026), BFLY has gained +80.0% vs +2.8% for XLV. The stock has significantly outperformed its sector benchmark — the original entry opportunity has largely been captured by earlier investors.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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